A type of loan designed to help students pay for schooling and expenses related to schooling. ​

​1. Avoid Upfront Payments
2. Be Wary of Aggressive Sales Pitches
3. Don't Give Out Your Personal Info
​4. Do Your Research

1. The ability to distinguish "temporarily out of favor" from "wrong". 
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2. The willingness to adapt views you wish were permanent.

3. The ability to be comfortable being miserable.

4. The ability to distinguish when analytics vs. psychology is necessary.

Economics has become a religion. It runs the world and it creates wealth for many. Here are seven different types of economic theories:

Neoclassicists: Individuals as utility-maximizing algorithms; utility driven transactions.

Keynesians: How to prevent recessions from turning into depressions in the short run; a fall in aggregate demand must be reversed through increased investment.

Monetarists: Money supply should be the government's sole economic-policy tool and be used to maintain price stability through equilibrium of the money supply.

Rational Expectations: Disagrees with Keynesians and Monetarists. People make choices based on rational outlook, available information, and past experiences.

Austrian School Libertarians: The workings of the broad economy are the sum 0f smaller individual decisions and actions.

Empiricists: Evidence-based; use data.

Marxists: The specialization of the labor force coupled with a growing population, pushes wages down, and the value of goods and services does not accurately account for the true cost of labor.

Bonds are great conservative investments that offer lower, but more safe yields. But being more safe does not mean there is no risk. Here are five examples of bond risks:

Interest rates and bond prices carry an inverse relationship- As interest rates fall, the price of bonds generally rise and vice versa.

Reinvestment risk- Having to reinvest proceeds at a lower rate than the funds were previously earning.

Inflation risk- If inflation increases dramatically, investors will see their purchasing power erode and may actually achieve a negative rate of return.

Credit/Default risk- If the bonds (certificates of debt) are not repaid, then the investors lose their initial principle. Corporate bonds are not guaranteed by the full faith and credit of the US government. 

Liquidity risk- Risk that an investor might not be able to sell his corporate bonds quickly due to a thin market.